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Re: CashCowMoo post# 1856

Saturday, 12/04/2010 9:12:34 PM

Saturday, December 04, 2010 9:12:34 PM

Post# of 9201
Fickle traders :) . Seriously there are two (or three) things that I can point to.
First is that this stock got the hell beat out of it by PSC. I don't have any reason to believe that the company had any involvement in their activities, but I think it still left its share of burned and therefore wary traders.
Second is the fact that they have work in progress, but there has been no indication (yet) of what kind of revenue will be coming out of their properties.
Third (and this one is perhaps purely speculative) we had a third party compensate a promoter recently. Odds are they were selling as they were promoting since I don't have reason to believe there were any restrictions on the shares. Are they done selling? I honestly don't know, but if it were me I'd hold a fair amount for the future. Production numbers will be coming eventually.